Land and property registrations in Telangana have witnessed a steep decline amid growing fears over ongoing demolition drives by the Hyderabad Disaster Response and Asset Protection Agency (HYDRA) which has reportedly been scaring away potential buyers.
Many prospective buyers are hesitant to invest in land or plots due to
uncertainties about the legality of properties and the risk of future demolitions.
According to reports, there is a 30 percent drop in registration income for September compared to last year. In September 2023, around one lakh transactions generated Rs 955 crore, while this year, transactions fell to 80,000, bringing in Rs 650 crore.